Insurance penetration at less than 1%

Tuesday, August 12, 2014

There is ample potential for the short term insurance business to grow in Botswana as less than one percent of the population is covered.

According to chief executive officer of Old Mutual Botswana, Jack Bekker the low insurance penetration in Botswana and Africa as a continent provides significant opportunities for the industry.

“There is great potential for growth on the African continent, given the low insurance penetration and the expected increase in middle class households.

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Insurance penetration at less than 1%

There is ample potential for the short term insurance business to grow in Botswana as less than one percent of the population is covered.